ACTION DISABILITY I￿SINGToN & CHEISEA TRUSTEES REPORT AND IPIDEPENDKNTLY EXAMINED ACCOUNTS FOR THE YEAR ENDED 2024 AcfIoN DISABILITY KENSINGTON & CHEISFA COMPANY INFORMATION AS AT 31 MARCH 2024 CORPORATKD as a Company Limitsd by (hwant¢e in A￿1] 1996 NUMBER 3040329 DIREcfoRS David Webb (Vice Adian Beffilllox Stq)hanie Vaz San(bp Sodha Deborah GTavas Jean Veronica Davis June Martiti SECRETARY Jamie Renton REGISTERED ADDRESS ADKC Centre Ivhitstable Howe Silclmter Road London WIO 6SB HSBC 152 Portobello Road Notting Hill IL)ndon Wl12DZ CAF Bank Ltd 25 Kings Hill Avenue Kings Hill Kent ME19 4JQ The Accounting Equation First Floor Fmnt Office 1>14 Mat*et Place Penzan¢e TR18 2JB TRUSTEES REPORT Year ended 31 March 2024 The Trustees. who are also the directors of the chaitable company. present their report and the audited financial statements for th¢ year ended 31 March 2024. The Trustees confinn that the annual report and financial statements comply with cuttent statutory requIren￿ts, the requirements of the Charity's governing document and the Provisions of the Statement of RecomnThded Practice (SORP) 'Accounting and Reporting by Charities. issued in 21)05. REFEREPICE AND ADLlflNISTRATIVE DETAILS OF THE CHARITY li Action Disability Kensington and Chelsea (ADKQ, whose principal office is Th¢ ADKC Centr¢, Whitstable House, Silchest¢r Rorf Lo1￿0￿ WIO 6SB, is a R¢8lStered Charity numbered 1045769 and is also a Company Limited by Guarantse numbered 3040329. The charitsble company is limited by guarantse and the members are only liable in the event of the charitable compaDy winding up to payment of £1. The directors of the charitabIe company for the financial y¢ar are listed on pa8e l of the fAnancial statements. The Cbief Executive of the organisation is Jamie Renton who is responsible for the day to day management of the Charity. sTRU￿uRE AND GOVERNANCE Constithtfion and orgAnlsatlonal strueture Th¢ Charity is governed by its ArtAcles aThl m￿￿orandurn of Association. The Mattagement Cornmittee, comprising the Charity's trnstees, consists of the Chair, the Vice Chair, the Treasurer and up to 12 individual Committee members. The Conmiittee agrees the policy of the charity and is responsible for its finances and assets and for employing staff to cany out its work. The Committee meets at least four times a year. It appoints a FinaJJce and Resources sub-committ¢¢, consisting of at le&st 2 trustses a￿d 2 members of stsff to regularly review financial and staff rnatt￿s. It meets approximatety 2 times a yeat and r¢ports to the Management Committ¢e. Th¢ Chief Executive manages the day-ttFday affairs of the charity and reports regularly to the Chair and to the Management Cornmittee. RecruitJneDt and appointment of Trustees One third of the existing trustees are nominated and elected from the Action Disability Kensington and Chelsea m¢mbership at the AGM. Subsequently, the Management Committee co-opts up to a further six trustees for the year. C(FOPted menthers are An(b￿dUal members or representatives of organisations. who have been nominated alld selected for the ¢omplementary skills they are able to off¢r. Tn]stees are invited to attend an induction session on appoilltment and are infornied of ongoin8 training opportunities as they arise both within the organisation and externally. Rbk management The Intst￿s have as8es8¢d the maior risks to which the charity is exposed The major risk identified is iDsufficieDt notice of withdrawal of funding. If this were tt) occur the tn would have to Gut bad( the aciivities of Action Disabilty Kensi￿n and Chelsea The trustees expect that sufficient fimds will be forthco￿8 to enabl¢ Action Disability Ke￿ingtOn and Chelsea to continue its existing activities during 2024125. Risk mltlgation Action Disability Kensington aThl Chelsea has undertaken an assessment of majiir'risks.." These are Tegularly reviewed. Comrnittee at least each quarter. The Cbief Executive reports on funding and staffing matters to a Finance and Resources Sub Committ¢e at least 2 times a year- warnings of any poteDtial.issues and recomnKndations for action aT¢ included. Insurance policies are reviewed annually. The principal activity of the ¢harAtable ¢ompaDy is that of enhancing opportunities for disabled peopl¢ (with physical, sensory or invisAble impairnients) ]iving or working iti:thè Royal Borough of Kensington and Chelsea. Action Disability keThsingtim and Chelsea is a user led Organisation and provides its members various Services. These inchth: . An Advi¢e and Inf0m￿tiOn Project A Specialist Legal Advice Project An Independent Iaves Peer Support Project A Disability Conneth Project A Volunteer Project A 'Voice of Experience, Project A Counselling Service A Youth Peer Support Project Access Group 'Positive Rights Actton. Advocacy Gro A Trnuma Support group tn addition to the seTvices list&1 abov¢. th¢r¢ are more Practical services such as a Passport Photograph SCh¢n￿, Wheelchair Hire Scheme and Wheelchair AcC￿sIble Weighing Scales. The organisation acts as a sigDWSting service to where more aad additional infornMtio and help may be 8ougbL As a user led organisatioJ4 we CODsuIt with our manbm reg￿dIllg th¢ services they wect and would like from ADKC. During the Financial Year 2023.24, we Urthrt￿k a review development. Action Disability Kensington & Chelsea receiv¢d income for the y¢ar totalling £349276. The largest single fimder was the Royal Borough of Kensington & Chelsea whose various depaEtsnents provided £129240: . A number of other fith directed their assistance to specific projects and these have beffl &epara¢¢ly identified in the accounts. Where wific fimding received was insuffi¢i¢nt to meet the exp￿dItuTeS of the funds of Actton Disability KeDsill8ton & Chelsea to eliminate the resulting defi¢its in the specificalty funded activities at the eiid of the financial year. The main expendith]tt of Action Disability Kensington & Chelsea is on staff saknies and on suppothig office facilities. Costs have beern allocated to activities on the basis of estimates prepared by th¢ sts RESERVES POLICY This policy ba8 been adopted by th¢ Action Disability Kensin8ton & Cbels¢a Executive Conllnittee in orts to ensure that the orgatiisation has Teserve funds to enable it to d with unfor¢seen events and Contingencies. Additionally. the Artion Disability KeDsington & Chelsea Exc￿tiVe Conmjittee aim to accumutsts funds to fflsure futur¢ maintsnance of the ADKC Centre to its current high staDdrf rylacement of fijrniture and office equipment with a limited life and as a safety net when resourcing projects in rettipt of target based fijnding. The Reserve Funds l. Unretheted Contln , Reserve This rese￿¢ is intended to enable ADKC to cope with unforeseen events, honour its Contr￿ obligations and r¢tain sufficient to cope with a sudd¢n cessation of funding. This fimd is also set up to deal with possible funding of short-t¢rni"staff positions {&g. illnes& maternity. issues. stsff bonuses and pay rises) and p)8sft>le redundancy sitiiations. As well as to cover th¢ costs of the additional access needs of our memlwship of disabled people (BSL Int¢￿eters. producing infomation in alternative fomats etc) Two years ago the Executive Conmiittee a￿1 that they should work towards six lo eight months, funding to ad)ieve this objective. Representing an in¢r¢ase on the tsrget of tbree-to-six ll￿nths set in previous years. This change is (kne to learning from the COVID czisis for the need to keep higher rcs¢rves in order to meet unexpected i&8ues and the CUTrent.delay/uncertsinty regarding our Iong terni local authority Contract (the organisation's single large8t source of Incon￿}. FurthernoTe. as a DAsabled People'5 organisatio￿ we can costs which other orgatiisations of a similar size do not (e.g. purth&8e of access equipment and hmng BSL interpretsrn). This figu￿ may need to be reviewed but in the present Cir￿￿￿ tbis seems a realistic target to aim for. 2. Unrestrlcted Bulldln Reserve To enable ADKC to embark on a programme of redeLxntion to the Centre, deal with any emergency works and r¢pla￿ furniture and office ¢qwpm¢nt when deemed 3. Unrestra￿ Develo ment Reserve To enable ADKC to update its computing f￿AlitieS as arml when required It 18 envisag￿ that computers become out of date and obsolete after about 3 years and it is imperative that we develop our systems in tandem with oth¥Y external contacts. Wbilst funding is 8OUEht for new projects it is realiscd that there may be other extraneous start UP Costs and theSe"fi￿d$ are Set up to facilitate this. To provide funding to undertak¢ injr * con￿ltatIon with our mcmkn, which cumtly tske4 placa evoy yeK.": , . Maln objethes for the coming year.. Our objectives this year. as in all years, are to conso]idate our funding base and look for new and diverse sources of funding. We WAll continue to develop the BoTough ￿de Ind¢pen￿ Lives Group, Positive Rights Action Grou￿ Positive Empowenn¢nt Group and Acces8 Group. Wewill endeavourto maintain OUr￿ltI0￿ at the forefront oflocal developmentsTegar dIffven￿S l%twttn the swplus Shown ab￿* and thetr historical a>rt equhRlents. The notes on the following pages fonn ￿rI of these accounts. T¢)141 Funds Cash at a￿1 kn h￿￿1 11.932 8516 2(&767 275283 10 (35.16B 13S.168) (3&122J 229J68 239.163 129.168 239.165 13&14 ReJt¥lcted Fu￿J5 $6.497 41.752 511773 14&640 239.165 124.592 229.168 aCWrdaD￿kn1Ib sedknn 476 ofthe Ad 2L)J& Svaz NOTES TO THE Accoutrirs FOR THE YEAR ENDK) 31 I￿RCH 2024 8451$ of prepamtion rfn8 their accounts in a￿ry￿a￿e with the FinJTKial Rwing Stsndard applicable In the UK and RepubNc cf Ireland IFRS 102) (effecK¥t l Janvary 2019)- (Charftles SORP IF￿ 102)). WKI Companies Ad 2006 The thorJty nwets the dthTriliLm ofa pubtk t*r*fft • w¥Jer FLf 102. Assets and Ilth%ties ore Tnitiauy rEcognised at hlrtorful cort ¢x IransKkn value unless othep*Es• b) Fund a(aJunlln8 Ur*eskW fimds are walloble tr use •t of the Tntstees In filthewi￿ of by dimors whlth have be*n raised ty the thanly ft>r p&rtiaknr purpcw The aifft and of eath YeS¢rf￿ ￿nd1% set ¢xft In the notss to the fin•rKhl st•t•mffits. All Irmmlrg reM)urus are Irxluded In the Stst•ment of FIn)￿la7 Adlvks vthen th* dwrlty b leg4lly enlttled lo the iwjme Ind the •mount be qu•ntllled wlth All eypwdlbjre Is Kro￿*d for on an •¢¢ruats basts and has bem Indud¢d under expernes catqorles that J4rqate all ￿$ts for allocatSm to actlvltl& Whe¥e staff are wholly eryaged on dlrett tharltloble or other work thelr salarles ar￿ wodthd ¢oJts ave allocated dlr•dly to the allocatd to the dSfferent 8ThJ •cUvldes on a basts ot e5dmths prepwed by the staff. FuThlraisin8 are those in0￿￿ed In connpthon tradSr¥ iTthIi Tawble ftxed assels dIvId￿l flxed assds cosiky£JCO) or more are capitalised * ¢ort and are d￿red￿ted not yet been tn of Accounting Tethnician& whith Is one of the lirted bothes. I have a>mpleted my examlnation. I confirni that no materlals mthrs Iwe tome to my attentlon In connectlon with the examlnatlon glvin8 me cause to believe that In any materlal respect: Accountlng records were not kept In resped of the company as required by sedfjon 386 of the 2006 A